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Nov 18, 2011
11/11
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economy? >> of course it could hurt the economy because if europe goes badly and falls into recession then there will be less demand for u.s. goods and services. also, u.s. banks have some exposure to europe and so to the extent that you're doing badly, there will be some consequences for u.s. banks. although i would say the direct u.s. exposure of u.s. banks to the countries in europe that we're talking about is actually very very modest. we think the european situation is definitely solvable. their fiscal position is certainly no worse than the u.s. the problem is a political one. >>> there's a lot of concern about u.s. banks. do you think u.s. banks can weather a full-blown european crises. >> define full-blown european crises. what i can say is the u.s. banks their direct exposure is quite modest and they're better equipped to manage any type of crises than they were in 2008. they bolstered their capital significantly. they built their loan loss reserves. they have very large liquidity buf
economy? >> of course it could hurt the economy because if europe goes badly and falls into recession then there will be less demand for u.s. goods and services. also, u.s. banks have some exposure to europe and so to the extent that you're doing badly, there will be some consequences for u.s. banks. although i would say the direct u.s. exposure of u.s. banks to the countries in europe that we're talking about is actually very very modest. we think the european situation is definitely...
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Aug 27, 2011
08/11
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slow economy. >> susie: "irene." that's what people up and down the east coast were talking about today. millions are bracing for hurricane irene and preparing for a weekend of violent weather, and even though it was a sunny day here on wall street, the new york stock exchange was busy getting ready for irene. >> reporter: the massive american flag that usually drapes the pillars outside the new york stock exchange has been removed so hurricane irene doesn't blow it away this weekend. sandbags were placed around the building this afternoon. inside the exchange, the big board staff is preparing for the storm, but hoping for the best. lou pastina, n.y.s.e.'s head of floor operations, is hopeful the exchange will open for business as usual on monday morning. >> we'd like to ring that bell over there. >> susie: a final decision will be made over the weekend. art cashin, director of floor operations, at u.b.s. is impressed by the level of preparedness. >> it's better to be prepared than to be fooled. i'd be very happy to
slow economy. >> susie: "irene." that's what people up and down the east coast were talking about today. millions are bracing for hurricane irene and preparing for a weekend of violent weather, and even though it was a sunny day here on wall street, the new york stock exchange was busy getting ready for irene. >> reporter: the massive american flag that usually drapes the pillars outside the new york stock exchange has been removed so hurricane irene doesn't blow it away...
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Jan 31, 2013
01/13
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economy. on the jobs front, a strong payrolls report showed private employers added 192,000 jobs in january, much more than economists expected. but the commerce department said economic growth, contracted in the last three months of 2012. the g.d.p. shrank by 0.1% the first time that's happened since the financial crisis began. the fed said in its policy statement today that it continues to see "downside risks" to the economy. unemployment is still "elevated". but household and business spending advanced. >> susie: darren gersh begins our coverage with that weak reading on the economy. >> reporter: last quarter, defense spending fell off the fiscal cliff. as lawmakers bickered, manufacturers who make things for the pentagon cut back production sharply-- defense spending fell 22% in the latest g.d.p. report, tipping the economy into the red. >> certainly manufacturers are pulling back and i think this is a bit of a wake up call that these cuts are real and that they have real effects on the ec
economy. on the jobs front, a strong payrolls report showed private employers added 192,000 jobs in january, much more than economists expected. but the commerce department said economic growth, contracted in the last three months of 2012. the g.d.p. shrank by 0.1% the first time that's happened since the financial crisis began. the fed said in its policy statement today that it continues to see "downside risks" to the economy. unemployment is still "elevated". but household...
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May 17, 2012
05/12
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economy. federal reserve policymakers say they're ready to step in with more help if needed. the central bank released minutes from its most recent policy meeting today. they show policymakers are worried the u.s. economy is heading over a fiscal cliff. that cliff is the expiration of tax cuts and the start of deep spending cuts in the federal budget scheduled early next year. darren gersh reports. >> reporter: just like the rest of us, the federal reserve is waiting to see where the economy goes next. at its late april meeting, minutes released today show several members of the fed's policy making committee thought more bond purchases might make sense. "if the economic recovery lost momentum or the downside risks to the forecast became great enough." after the fed's last meeting, only a couple members felt that more so-called quantitative easing might be needed. so what are the risks for the american economy? deeper trouble from europe, for one. or trouble could come from the fed's neighbors
economy. federal reserve policymakers say they're ready to step in with more help if needed. the central bank released minutes from its most recent policy meeting today. they show policymakers are worried the u.s. economy is heading over a fiscal cliff. that cliff is the expiration of tax cuts and the start of deep spending cuts in the federal budget scheduled early next year. darren gersh reports. >> reporter: just like the rest of us, the federal reserve is waiting to see where the...
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Nov 3, 2011
11/11
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in tonight's "how to fix the economy", the governor tells us how his state's economy has outpaced much of the rest of the nation. >> we are benefited by the fact that agriculture is an important part of our economy. i was governor in the 80s when agriculture was the weakes part of the economy, the farm crisis. now we're selling, you know, we have record prices for corn and soybeans, also cattle and hogs are doing well, we're the number one egg producing state. all those things are good. but also we're investing in research and biotechnology, looking for the opportunity toed avalue to what we produce through bio sciences. and also we're strong in the insurance and financial services. >> reporter: in the domestic economy whirlpool announced it's closing a plant in arkansas. whirlpool purchased maytag with the big manufacturing center here in central iowa, which will be getting some of those jobs. >> right, they're going to add 160 jobs. alcoa will be producing more aluminum for the auto industry, they'll be adding a couple hundred jobs, real good manufacturing jobs in deafen part. so we'
in tonight's "how to fix the economy", the governor tells us how his state's economy has outpaced much of the rest of the nation. >> we are benefited by the fact that agriculture is an important part of our economy. i was governor in the 80s when agriculture was the weakes part of the economy, the farm crisis. now we're selling, you know, we have record prices for corn and soybeans, also cattle and hogs are doing well, we're the number one egg producing state. all those things...
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Mar 19, 2013
03/13
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economy? what about the global financial system what what risk is there to that because of this cyprus situation? this is a big worry for so many people. >> so, the risk scenario, and i should stress it's a risk scenario, not a baseline is that the cypriots are so upset that you get both political disorder and social unrest and that increases the chance of cyprus exiting the euro zone. if they exit the euro zone, you reopen all these dwhaes are put aside by the very aggressive intervention of the banks. that's the risk, unless they find a solution and unless they exempt the small savers from this levy, that you may get social disorder and political disorder. >> let's bring it here to the u.s. and u.s. stock market. we've had a nice market rally. could this situation disrupt the market rally here and for american investors, is this a time, an opportunity to get in, or is there more turmoil ahead? what do you think? >> so far we've shrugged off this element for three reasons. one is the european
economy? what about the global financial system what what risk is there to that because of this cyprus situation? this is a big worry for so many people. >> so, the risk scenario, and i should stress it's a risk scenario, not a baseline is that the cypriots are so upset that you get both political disorder and social unrest and that increases the chance of cyprus exiting the euro zone. if they exit the euro zone, you reopen all these dwhaes are put aside by the very aggressive...
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Aug 11, 2011
08/11
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economy. today's worry? france and its biggest bank, societe generale. there's concern s&p will downgrade the bank, too. as a result, financial stocks in the u.s. led the selloff as investors fretted trouble with europe's banks could spill across the pond. n.y.s.e. floor broker doreen mogavero says sentiment is very negative. >> there's really no panic. we've seen no panic here at all. it's been very orderly, but, i think people are really reassessing their positions in the market. >> reporter: so what's an investor to do in this frightening and volatile trading environment? experts say that depends on the strength of their stomach, also known as risk tolerance. market strategist mike ryan says most investors should stay in the market. >> i think people who are selling at these levels today are going to wind up being disappointed, because i think while we certainly have these concerns, i think the earnings outlook remains. it certainly doesn't justify the market where it's trading at right now
economy. today's worry? france and its biggest bank, societe generale. there's concern s&p will downgrade the bank, too. as a result, financial stocks in the u.s. led the selloff as investors fretted trouble with europe's banks could spill across the pond. n.y.s.e. floor broker doreen mogavero says sentiment is very negative. >> there's really no panic. we've seen no panic here at all. it's been very orderly, but, i think people are really reassessing their positions in the market....
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Jan 12, 2013
01/13
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the economy moving. and we're basically in that situation right now. all the productive capacity is there. all that's lacking is the intellectual clarity and the political will. >> you make this so clear in the book, that's why i recommended that president obama read this book as the one book i would like to see him read before the inauguration next week. if he read it, what would you hope he would fasten on? >> i would hope that he would fasten on the notion, you know, he faces real political constraint. so we understand, he can't just pass legislation. but that the most important thing, his policy priority right now should be doing whatever he can to at least move in the direction of the kinds of policies that we want for full employment, that we need for full employment. and that the obsessions of washington about a grand bargain on the deficit are really pretty much beside the point right now. that, if given a choice between doing something that will help the economy in the next two years, and someth
the economy moving. and we're basically in that situation right now. all the productive capacity is there. all that's lacking is the intellectual clarity and the political will. >> you make this so clear in the book, that's why i recommended that president obama read this book as the one book i would like to see him read before the inauguration next week. if he read it, what would you hope he would fasten on? >> i would hope that he would fasten on the notion, you know, he faces...
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Jul 12, 2012
07/12
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china's red hot economy is cooling, we look at what the slowdown means for u.s. corporate earnings, and the global economy. >> susie: and one company is making a big push into china, marriott international, a look at its latest earnings and strategy. >> tom: that and more tonight on "n.b.r.!" >> tom: markets were clearly disappointed today the federal reserve does not seem ready to act right away to boost the economy. minutes from the fed's june meeting show only a few policy makers wanted to expand a bond buying program known as quantitative easing to lower interest rates and boost the economy. but as darren gersh reports this is now really a question of timing. >> reporter: the fed was not willing to give markets an immediate monetary fix, but the latest readings from its policy making committee show a couple more lukewarm reports on the labor market might change that. >> and if these employment reports are still weak like this last one, i think a strong case could be made for the fed to expand its balance sheet and try to support the economy more. so, at that
china's red hot economy is cooling, we look at what the slowdown means for u.s. corporate earnings, and the global economy. >> susie: and one company is making a big push into china, marriott international, a look at its latest earnings and strategy. >> tom: that and more tonight on "n.b.r.!" >> tom: markets were clearly disappointed today the federal reserve does not seem ready to act right away to boost the economy. minutes from the fed's june meeting show only a...
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Aug 19, 2011
08/11
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it's a large economy. it needs to be served but it is only grows 1% it will-- so the absence of the consumer means what is the reason i would invest in the united states versus investing somewhere else. so i give back to the policy, certainty around policy and i get around to short term demand drivers such as can we cause the u.s. demand to grow again through exports or others like infrastructure. >> susie: thank you so much for your time. >> always a pleasure to be with you. >> susie: tomorrow >> susie: tomorrow, we continue our series "how to fix the economy" with some outside the box ideas to boost job growth. and we'll talk to a small business that's dancing its way to success, despite the tough economy. also tomorrow, our "market monitor" guest, marshall front, says economic numbers, while spotty, are not as bad as sentiment. he's chief investment officer at front barnett associates. one upside to the sour economy-- super-low interest rates, if you can qualify for a mortgage. the average rate on a 30-
it's a large economy. it needs to be served but it is only grows 1% it will-- so the absence of the consumer means what is the reason i would invest in the united states versus investing somewhere else. so i give back to the policy, certainty around policy and i get around to short term demand drivers such as can we cause the u.s. demand to grow again through exports or others like infrastructure. >> susie: thank you so much for your time. >> always a pleasure to be with you....
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Aug 11, 2010
08/10
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that's a result of the lack of confidence in the economy and a stalled economy. >> suzanne: in terms of your business, what are you seeing in the way of loan demand this summer? how is it? >> well, loan demand has been, frankly, relatively soft. i know there is a lot of concern about are the banks willing to make loans. i can certainly tell you from bb&t's prove, we're quite eager to make loans, and other banks are as well. but there is not a large demand for loans today. i think people are unclear, uncertain about the direction of the economy, and so they're holding back. so loan demand is not very strong at all. >> suzanne: what about small business lending? we keep hearing stories from all of the small businesses that we go to and they say they're having trouble accessing money to help their small businesses. >> wer making a number of small business loans. we've had a focus in the small business area for a very, very long time. we do an awful lot of small business direct lending. and when clients can't qualify completely on their own, we try to use ot programs to help, particularl
that's a result of the lack of confidence in the economy and a stalled economy. >> suzanne: in terms of your business, what are you seeing in the way of loan demand this summer? how is it? >> well, loan demand has been, frankly, relatively soft. i know there is a lot of concern about are the banks willing to make loans. i can certainly tell you from bb&t's prove, we're quite eager to make loans, and other banks are as well. but there is not a large demand for loans today. i...
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151
Jul 24, 2010
07/10
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>> right now there and that is one of the reason why the economy is faltering. 70% of this economy is driven by consumerism. >> the government is trying to fill the hole. cash for clunkers, that type of program. you think that's the rule of the government? you think the government can fulfill the obligation? >> cash for clunkers and cash >>> issue four, talking about my generation. ♪ people try to put us down ♪ talking about my generation ♪ >> my friends and i are all in a place where everything is unknown. especially those of us that don't have jobs yet or aren't going to school. it's scary. am i under qualified? am i over qualified? i don't know what i'm doing wrong. when i go to interview, there are people 20, 30 years older than me. people aren't leaving their jobs with the economy and everything. there aren't positions opening up for us. >> economic crisis affects us all. it doesn't affect us all equally, though. its impact is as different as the generations themselves. talk about the baby boomer, the hardest working and most affluent generation in the country. 70% of boome
>> right now there and that is one of the reason why the economy is faltering. 70% of this economy is driven by consumerism. >> the government is trying to fill the hole. cash for clunkers, that type of program. you think that's the rule of the government? you think the government can fulfill the obligation? >> cash for clunkers and cash >>> issue four, talking about my generation. ♪ people try to put us down ♪ talking about my generation ♪ >> my friends...
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122
Jun 25, 2014
06/14
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KQEH
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eye 122
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>> obviously, weak growth in europe is not good for the united states' economy, but the european economy is doing better now. >> rising tensions in iraq. >> rising tensions in iraq demonstrate that the islamist terrorists haven't gone away. they are very determined. they are very organized and that's a significant threat to stability of the world and the global economy. >> well, it was a down day on wall street. concerns about violence and political turmoil in iraq including unfounded rumors about a syrian military strike against militants in iraq that helped wipe out early gains. the major averages started higher following strong data about new home sales in may and higher consumer confidence in june, but stocks lost steam around midday about those concerns about iraq. there was a dip in oil prices and therefore energy stocks and maybe some good old fashioned profit taking as we head toward the end of the quarter. the dow had the lost day in a month causing down 119 points off the lows of the day. the nasdaq, which hit a fresh 14-year high before retreating today was down 18 at the clos
>> obviously, weak growth in europe is not good for the united states' economy, but the european economy is doing better now. >> rising tensions in iraq. >> rising tensions in iraq demonstrate that the islamist terrorists haven't gone away. they are very determined. they are very organized and that's a significant threat to stability of the world and the global economy. >> well, it was a down day on wall street. concerns about violence and political turmoil in iraq...
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Aug 28, 2010
08/10
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economy today, what about the 300 million americans who make up that economy? we caught up with a few of them at a foreclosure-prevention workshop in west palm beach, florida today. over 10,000 people showed up, all looking for help on staying in their homes. jeff yastine has their stories: >> reporter: the people you see in this room are statistics of the housing crisis. people behind in their mortgage payments, some without jobs, all looking for help. like doug harris. >> in my trade, which is the construction industry, it's fallen off 60% to 70%. the things that are out there to do-- there's just no money to be made in it. you're working for basically nothing right now. >> reporter: harris, like everyone else at this event sponsored by the neighborhood assistance corporation of america, is hoping to get a modification on his mortgage. gina perez came to tears telling us her odyssey. >> and it's just that the price we bought... the home value went down so fast. now we're stuck with a mortgage we can't pay. i was also pregnant-- very challenging times. i was l
economy today, what about the 300 million americans who make up that economy? we caught up with a few of them at a foreclosure-prevention workshop in west palm beach, florida today. over 10,000 people showed up, all looking for help on staying in their homes. jeff yastine has their stories: >> reporter: the people you see in this room are statistics of the housing crisis. people behind in their mortgage payments, some without jobs, all looking for help. like doug harris. >> in my...
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156
Jun 20, 2013
06/13
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KQEH
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eye 156
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of course, that depends on the economy and that the economy sticks to the script that the fed believes it will and, you know, that's most likely economic sen scenario and interest rate path. >> mark, what do you think of the timetable? do you think the economy is ready to have the training wheels come off? >> yeah, i do. you know, i think that by late this year, the fiscal head winds, the tax increases and spending cuts will begin to fade that will let the better private economy shine through that is a long narrative in story but i think it is the best and most likely story and yes, at that point i think it makes sense to start tapering qe ending and starting to raise interest rates. >> if the economy is getting better which allows the tapering of the qe, why did the markets react so negatively? >> yeah, good question. you know, if you read sort of the fine print in the fomc statement, it was pretty hawkish. they dowed back their worries about the risks to the economy. they lowered their forecast for the unemployment rate. they even dismissed the lower inflation to be temporary. i thin
of course, that depends on the economy and that the economy sticks to the script that the fed believes it will and, you know, that's most likely economic sen scenario and interest rate path. >> mark, what do you think of the timetable? do you think the economy is ready to have the training wheels come off? >> yeah, i do. you know, i think that by late this year, the fiscal head winds, the tax increases and spending cuts will begin to fade that will let the better private economy...
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98
Dec 10, 2014
12/14
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KQEH
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eye 98
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the indicator that the economy is ready for faster growth in 2015. the owners are very bullish about business conditions over the next six months but they continue to hold back on capital spending and on hiring. >> but most americans do seem more bolish about their own piece of the economy. the survey with a lot of holiday cheer in it. >> reporter: americans plan to spend more on gift this is season than any holiday season in the past five years as economic optimism hits a postrecession high. cnbc all american survey finds the average american plans 665 on gifts, up 12% from last year and about 6.5% higher than the average across the survey's nine year history. behind the yuletide tier, expected home values. gains and the stock market. all at or above their highest levels since the 2008 financial crisis. >> as we see people's perceptions of the economy improving in terms of wages, their home values, in terms of their views of the u.s. economy at large, we see their spending on holiday gifts going up. this can create the perception of a perfect storm
the indicator that the economy is ready for faster growth in 2015. the owners are very bullish about business conditions over the next six months but they continue to hold back on capital spending and on hiring. >> but most americans do seem more bolish about their own piece of the economy. the survey with a lot of holiday cheer in it. >> reporter: americans plan to spend more on gift this is season than any holiday season in the past five years as economic optimism hits a...
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Feb 26, 2014
02/14
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KQEH
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eye 204
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economy is doing? >> well, we did see a slight decline in consumer confidence in february, but the current conditions part of the index was actually at its highest level since the spring of 2008. so that's very good news. we have seen home sales come down. i think some of that's tied to what's going on with the weather. some of it is higher mortgage rates. but if we look at the fundamentals of the economy they look very solid. we continue to see job and income growth so consumers are spending a little bit more. they're also seeing greater weather from hire stock prices and house prices, so that's supporting their spending. for businesses, they're very profitable. their balance sheets are in great shape. they're looking to invest and take advantage of low interest rates. then on the government side we have less drag from tax increases and spending cuts than we had last year. so i think this year will be noticeably stronger than it was in 2013. >> let's get a quick thought on housing. i agree with most o
economy is doing? >> well, we did see a slight decline in consumer confidence in february, but the current conditions part of the index was actually at its highest level since the spring of 2008. so that's very good news. we have seen home sales come down. i think some of that's tied to what's going on with the weather. some of it is higher mortgage rates. but if we look at the fundamentals of the economy they look very solid. we continue to see job and income growth so consumers are...
135
135
Jan 21, 2014
01/14
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KQEH
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eye 135
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just 74,000 jobs added to the economy. the unemployment rate dropped to 6.7% because twice as many people, including college graduates, simply gave up looking for work. the labor forwork -- the retiret of millions of baby boomers is also shrinking the labor force. the average retirement age is now just under 60 with the oldest boomers retiring early because of the sluggish job market. some of the folks who are leaving the labor force due to the retirement, would have stayed in had the labor market been stronger. >> more than 8.7 million jobs have been lost between january 2008 and february 2010. since then, the government says there's been an increase in more than 7.5 million jobs. the economy is closing the jobs gap, but more than five years after the recession we're still playing catch up. i'm hampton pearson in washington. >> there are jobs out there, but sometimes they may not be the kinds of jobs people want. take manufacturing. the name alone conjures up assembly lines and in some cases these jobs do pay more, but it
just 74,000 jobs added to the economy. the unemployment rate dropped to 6.7% because twice as many people, including college graduates, simply gave up looking for work. the labor forwork -- the retiret of millions of baby boomers is also shrinking the labor force. the average retirement age is now just under 60 with the oldest boomers retiring early because of the sluggish job market. some of the folks who are leaving the labor force due to the retirement, would have stayed in had the labor...
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Jan 21, 2015
01/15
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eye 108
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economy. all that and more tonight on nightly business report. i'm bill griffeth. tyler and sue are off tonight. ibm with better than expected earnings with a fast growing cloud computing business and security software and despite decreasing demand for its servers and storage products, here are the numbers that came out. adjusted earnings $5.70 a share, topping analysts forecast by 7 cents and fell from a year ago to $24 billion. that just missed wall street forecast. shares initially higher in late trade on the news but then turned negative on weaker than expected forecast guidance for the full year. bertha coombs joins us from the nasdaq with one big takeaway from ibm's report. >> reporter: bill the big takeaway that ibm getting smaller. the company went from over a billion shares at the end of 2013 and as of december 31st they had 991 million shares. people said as their year over year revenues declined for seven straight quarters over the watch right now, the thing that's helped them on th
economy. all that and more tonight on nightly business report. i'm bill griffeth. tyler and sue are off tonight. ibm with better than expected earnings with a fast growing cloud computing business and security software and despite decreasing demand for its servers and storage products, here are the numbers that came out. adjusted earnings $5.70 a share, topping analysts forecast by 7 cents and fell from a year ago to $24 billion. that just missed wall street forecast. shares initially higher in...
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Jun 2, 2012
06/12
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brazil is the world's sixth largest economy but after a decade of strong growth, its economy has slowed considerably. in our exchange traded fund market flash, all the most actively traded funds fell by at least 2.5%. the steepest losses were in the financial sector and russell 2,000 funds. and that's tonight's market focus. political uncertainty is feeding the economic uncertainty, but the american economy has enough momentum to prevail. that's the optimistic outlook from tonight's market monitor. david kotok is the chairman and chief investment officer for cumberland advisors. with us tonight. david, if you're optimistic here, the author of "from bear to bull with e.t.f.s." congratulations on the book, a bestseller. where is the economic momentum you see? >> i see three pieces under way-- housing making a bottom in different places in the country more and more of those places-- that's number one. number two, the energy sector is growing in the united states-- natural gas, shale, it's a good story. getting better. and the manufacturing sector in the united states is improving, and both
brazil is the world's sixth largest economy but after a decade of strong growth, its economy has slowed considerably. in our exchange traded fund market flash, all the most actively traded funds fell by at least 2.5%. the steepest losses were in the financial sector and russell 2,000 funds. and that's tonight's market focus. political uncertainty is feeding the economic uncertainty, but the american economy has enough momentum to prevail. that's the optimistic outlook from tonight's market...
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Jun 11, 2013
06/13
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eye 154
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economy can with stand this policy change as soon as a june meeting? >> i don't see that a change will have that much effect on the economy at all. financial markets will react. it will be some volatility presumably, and they'll react. the person on main street, the person looking for a job or the company trying to hire a person for a job will largely be unaffected by this, i think. >> why not wait until the economy gets a lot stronger? >> you could always do that but then the risk is, you get behind the curve, and interest rates begin to rise fast. all the reserves we've created in the banking system begin to flow out of the economy. it would be a good sign, except that's going to put the risks higher, inflation down the road. >> what are your thoughts that standard & poors has raised its outlook from negative to stable. >> i think that's a positive sign. fundamentally we haven't solved our fiscal problem. we are still unsustainable fiscal path. congress has done nothing to really address that at this point. still needs to be addressed, while it's fav
economy can with stand this policy change as soon as a june meeting? >> i don't see that a change will have that much effect on the economy at all. financial markets will react. it will be some volatility presumably, and they'll react. the person on main street, the person looking for a job or the company trying to hire a person for a job will largely be unaffected by this, i think. >> why not wait until the economy gets a lot stronger? >> you could always do that but then the...
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Sep 15, 2011
09/11
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eye 142
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economy and the global economy? >> that's a great question. as far as we can see in terms of capital flows or other things we could measure, the risks are fairly small. the big issue obviously is confidence, that spreads across financial markets sometimes very rapidly. and there's also potential nontransparency through credit default swaps, the way that people ensure against default buys in a country like greece or italy. we don't know exactly who has what kind of net exposure to those contracts. that's a black box, and i don't think the regulators know either. that's a real danger, if we had more transparent markets, more disclosure, we wouldn't be so concerned about that. but right now we have to be concerned. >> susie: let's talk a little about the u.s. economy. recession or no recession, where are you in that debate? >> i'm hoping that it's not a recession. i think we can still skirt it depending on the situation in europe. but depending also on domestic policy. the fight we had over the debt ceiling in august obviously did a lot of damage
economy and the global economy? >> that's a great question. as far as we can see in terms of capital flows or other things we could measure, the risks are fairly small. the big issue obviously is confidence, that spreads across financial markets sometimes very rapidly. and there's also potential nontransparency through credit default swaps, the way that people ensure against default buys in a country like greece or italy. we don't know exactly who has what kind of net exposure to those...
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Feb 13, 2016
02/16
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others say the economy is saying, no way. today people in the economy camp got a lift. we got data showing the consumer was alive and well last month as retail sales in january were stronger than expected. if stocks are warning recession, steve leishman tells us why the economy isn't playing ball. >> if you could cover one eye and block out the dismal stock market numbers, if you could look only at the economic data, you'd have no idea we're in the middle of some apocalyptic panic. the u.s. economic data has not been great but it's been good. good enough to contradict the view from the stock market that a recession is imminent. retail sales for january were a bit better than expected. helping confirm the early read that first quarter growth would show a modest bounceback from that weak fourth quarter. jobs are up as are wages. unemployment is down. add to that a sterling household credit report from the new york ted showing bankruptcies and foreclosure in the u.s. hit their lowest levels in 2015 in the 13 years the bank has track the it. >> i think the u.s. economy is i
others say the economy is saying, no way. today people in the economy camp got a lift. we got data showing the consumer was alive and well last month as retail sales in january were stronger than expected. if stocks are warning recession, steve leishman tells us why the economy isn't playing ball. >> if you could cover one eye and block out the dismal stock market numbers, if you could look only at the economic data, you'd have no idea we're in the middle of some apocalyptic panic. the...
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Mar 9, 2013
03/13
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economy will generate. we pay more for health care than the next ten biggest spenders combined, and we don't get better results. we have higher rates of disease and injury up to 75 and shorter life spans than any of 17 other wealthy nations. we rank 50th in the world in infant mortality, according to "time" magazine, cuba is number 41. >> we have to do something about health care costs, that is the main driver of stuff but that doesn't really mean cutting benefits, that means cutting costs. >> bottom line, even though health care creates jobs an expected 5.5 million this decade, what we spend on it is a weight on our economy and future prosperity. challenge number two, america's infrastructure, roads, bridges, water system, transit, the electric grid, all outdated, crumbling or both and it's costing. according to the world economic forum the u.s. ranks 25th in overall infrastructure, behind barbados and oman and one spot ahead of qatar. >> we'll lose 3.5 million jobs. >> pat nattal heads up the american soc
economy will generate. we pay more for health care than the next ten biggest spenders combined, and we don't get better results. we have higher rates of disease and injury up to 75 and shorter life spans than any of 17 other wealthy nations. we rank 50th in the world in infant mortality, according to "time" magazine, cuba is number 41. >> we have to do something about health care costs, that is the main driver of stuff but that doesn't really mean cutting benefits, that means...
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Dec 17, 2014
12/14
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economy. is this anything like that >> well, you've got some similar external conditions with the u.s. being the strongest and the leader in the world. you've got falling oil prices and you've got a falling ruble and rising interest rates in rouge. a lot of concern there. but there are things that isolate russia more than 1958. the russian foreign currency concerns are much larger. russian official debt, government debt which was the source of the trigger of the problem is much, much lower. russian corporations do have some debt overseas but low by international standards and really not enough to really tank or cause a big disruptio the western financial systems. and finally, most importantly, russia's economy is really quite isolated. aside from one product that it sells to one part of the world, it really doesn't have a lot of trade ties with other people. >> that would be energy to western europe you're referring to, right? >> exactly. >> i hear you say it's in a better position than it was
economy. is this anything like that >> well, you've got some similar external conditions with the u.s. being the strongest and the leader in the world. you've got falling oil prices and you've got a falling ruble and rising interest rates in rouge. a lot of concern there. but there are things that isolate russia more than 1958. the russian foreign currency concerns are much larger. russian official debt, government debt which was the source of the trigger of the problem is much, much...
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Aug 25, 2010
08/10
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economy pushed down oil prices. in new york trading, october futures fell 2% to $71.63 a barrel. >> tom: still ahead, tonight's "word on the street" is "security." james rogers of thestreet.com joins us for a look at some under-the-radar computer security stocks. >> susie: russia's economy is picking up and recovering from the global financial crisis. as we continue our series on investing in the so-called brics-- brazil, russia, india and china-- tonight we focus on russia. its economy grew more than 4% in the first half of this year, after tumbling almost 8% in 2009. i asked about the outlook from evan checkerov, chief economist for russia at bank of america merrill lynch. >> because of the economic growth, there is 5.5% this year. this should be a very good performance relative to many economies, but as far as some emerging market economies like brazil, china, and india, it will not be as good. for example, for china, we expect around 10% growth. for india, 8%. and for brazil, 7%. so the 5.5 g.d.p. growth for rus
economy pushed down oil prices. in new york trading, october futures fell 2% to $71.63 a barrel. >> tom: still ahead, tonight's "word on the street" is "security." james rogers of thestreet.com joins us for a look at some under-the-radar computer security stocks. >> susie: russia's economy is picking up and recovering from the global financial crisis. as we continue our series on investing in the so-called brics-- brazil, russia, india and china-- tonight we...
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Jun 22, 2011
06/11
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economy. it's "nightly business report" for tuesday, june 21. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: >> tom: good evening and thanks for joining us. a triple-digit rally in blue chip stocks today as u.s. investors were counting on a crucial vote of confidence in the greek government after the market close, susie, and that's how it played out. a short while ago, the greek parliament supported prime minister george papandreou. >> susie: tom, that removes a lot of uncertainty and could set a positive tone for trading here tomorrow. another important factor for investors-- a key meeting of the federal reserve. the central bank kicked off a two-day meeting today and is expected to continue its policy of keeping interest rates near 0%. >> tom: investors will be looking to the fed's statement and tomorrow's news conference with chairman ben bernanke for any subtle hints about where policy is headed. darren gersh reports. >> r
economy. it's "nightly business report" for tuesday, june 21. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: >> tom: good evening and thanks for joining us. a triple-digit rally in blue chip stocks today as u.s. investors were counting on a crucial vote of confidence in the greek government after the market close, susie, and that's how it played out. a short while ago, the greek parliament...
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Jan 13, 2012
01/12
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>> well, no doubt about it, the european economy is still a massive contributor to the global economy. inner terms of g.d.p., it rivals the u.s. economy and, you know, distill u.s. exports to euro zone areas still amounts to 14%, 15% of total u.s. exports. so i think american corporates certainly are still look, you know, with great caution how europe really pans out. sadly, the numbers that we've seen over the last month or so, clearly indicate that europe, not just the southern periphery economies, but even germany and france, are showing some very weak growth numbers, and we're looking at the very least a technical recession in some of these core northern economies as well. >> tom: mike, we'll leave it there. thanks for the insightes from the desk at standard charrer mike moran. stocks finished slightly higher today, despite weaker-than- expected reports on retail sales and jobless claims. the dow gained 21 points. the nasdaq was up 14. the s&p 500 added three. trading volume remained light-- just 769 million shares on the n.y.s.e. and 1.7 billion on the nasdaq. while some measures
>> well, no doubt about it, the european economy is still a massive contributor to the global economy. inner terms of g.d.p., it rivals the u.s. economy and, you know, distill u.s. exports to euro zone areas still amounts to 14%, 15% of total u.s. exports. so i think american corporates certainly are still look, you know, with great caution how europe really pans out. sadly, the numbers that we've seen over the last month or so, clearly indicate that europe, not just the southern...
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Jan 4, 2012
01/12
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how the economy is playing in iowa as caucus-goers vote tonight. it's "nightly business report for tuesday," january 3. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: captioning sponsored by wpbt >> tom: good evening and thanks for joining us. susie gharib is off tonight. the stock market rang in the new year with a new push higher. positive economic data on the u.s. manufacturing sector fueled the rally. but it was sparked by unemployment falling to a two- decade low in germany, and china's services and manufacturing sectors rose in december, despite worries about a chinese slowdown. the major u.s. stock averages logged big gains. the dow gained 179 points, the nasdaq added 43, and the s&p 500 was up 19.5 points. trading volume picking up steam as we come off the holiday-- 853 million shares moving on the big board and 1.7 billion on the nasdaq. the pick-up in share prices and trading volume comes as many smaller investors continue on the sidelines. suzanne pratt reports. >> repor
how the economy is playing in iowa as caucus-goers vote tonight. it's "nightly business report for tuesday," january 3. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: captioning sponsored by wpbt >> tom: good evening and thanks for joining us. susie gharib is off tonight. the stock market rang in the new year with a new push higher. positive economic data on the u.s. manufacturing sector...
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Jul 5, 2014
07/14
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. >> and that's where we begin tonight, the economy. harsh winter weather severely hampered growth in the early part of the year that was in the event that eye-popping number showing the economy contracted nearly 3% in the first quarter. but then slowly the economy seems to be finding its footing again. so does that mean we're on track for stronger growth in the second half? steve liesman takes a look. >> here is what to watch for in the economy in the second half. the best guess is that the economy and jobs will both strengthen. is not so much because of any positives, but the lack of negative ones. most economists see 2014 as a year where the headwinds that have held back growth are easing up. the political high jinks that hobbled the economy last year like the fight to the death over the budget resulting in the government shutdown seems to have been resolved at least for now. job growth hurt by a severe winter look to be picking up. europe seems to be clawing its way back, at least no longer negative. the big challenge we've been mai
. >> and that's where we begin tonight, the economy. harsh winter weather severely hampered growth in the early part of the year that was in the event that eye-popping number showing the economy contracted nearly 3% in the first quarter. but then slowly the economy seems to be finding its footing again. so does that mean we're on track for stronger growth in the second half? steve liesman takes a look. >> here is what to watch for in the economy in the second half. the best guess is...
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Oct 8, 2014
10/14
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economy. the international monetary fund also cutting its growth forecasts but says there's one bright spot. the u.s. >> but how bright is it? a new survey suggests the economic recovery here still has a long way to go, and americans may be tired of waiting. >>> and housing triple dip? they say it wouldn't happen again, but now some experts are warning of yet another pullback in home prices. we have all that and more tonight on "nightly business report" for tuesday, october 7th. >> good evening, everyone, and welcome. stocks took a real tumble today. closing at a two-month low on weak manufacturing data out of germany. the economic engine of europe, and deepening worries about a slowdown in global growth overall. that's after the international monetary fund trimmed its outlook for global growth this year and next, singling out the troubled economies in europe, japan and latin america most especially. with that, stocks here sold off sharply after they did in europe. on wall street they began th
economy. the international monetary fund also cutting its growth forecasts but says there's one bright spot. the u.s. >> but how bright is it? a new survey suggests the economic recovery here still has a long way to go, and americans may be tired of waiting. >>> and housing triple dip? they say it wouldn't happen again, but now some experts are warning of yet another pullback in home prices. we have all that and more tonight on "nightly business report" for tuesday,...
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Oct 9, 2010
10/10
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it also affects businesses and our economy. the outcome of next month's elections rides on candidates slugging it out in communities across the country. in tonight's midterm 2010, it's the economy election coverage, darren gersh looks at one district, and how the economy is shaping the campaigns of the two people competing to represent it. >> reporter: nevada's third congressional district is the most populous in the nation: one million people spread across a ring of suburbs, many just a few years old. and there is bipartisan agreement on the economic pain here. representative dina titus, a democrat, won her seat in 2008. >> the main thing i hear is jobs. we have to create jobs. >> reporter: and this is the republican challenger joe heck. he's seen the unemployment rate here-- the highest in the nation at over 14%-- hit his family. one daughter, a new college graduate, is having trouble finding work. another daughter was laid off six months ago. >> she's actually on unemployment trying to find another job. >> reporter: to say t
it also affects businesses and our economy. the outcome of next month's elections rides on candidates slugging it out in communities across the country. in tonight's midterm 2010, it's the economy election coverage, darren gersh looks at one district, and how the economy is shaping the campaigns of the two people competing to represent it. >> reporter: nevada's third congressional district is the most populous in the nation: one million people spread across a ring of suburbs, many just a...
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Jun 24, 2011
06/11
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economy hit a soft patch. some traders predict worries about the recovery will push the cost of oil down further this summer. >> i think it could settle around $75, $80 a barrel; gasoline around $3 a gallon. i think the economy will be able to absorb that without a problem. that's a dollar less for gasoline prices than we were at the high. >> reporter: of course, the question remains whether lower oil prices will be the magic bullet for america's economy. suzanne pratt, "nightly business report," new york. the dow lost 59 points after falling more than 200 earlier in the session; the s&p 500 and nasdaq actually gained ground. >> tom: here are the stories in tonight's "n.b.r. newswheel." fresh signs of the weak recovery in jobs and housing. first up, jobless claims continued to tick higher, rising by 9,000 last week to 429,000 applications. the weekly average hasn't dipped below the key 400,000 since april. new home sales fell 2.1% in may to an annual pace of 319,000 units. that means we're on pace for fewer sa
economy hit a soft patch. some traders predict worries about the recovery will push the cost of oil down further this summer. >> i think it could settle around $75, $80 a barrel; gasoline around $3 a gallon. i think the economy will be able to absorb that without a problem. that's a dollar less for gasoline prices than we were at the high. >> reporter: of course, the question remains whether lower oil prices will be the magic bullet for america's economy. suzanne pratt,...
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Oct 3, 2015
10/15
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economy added just 142,000 jobs in september, fewer than forecast. the unemployment rate held steady at 5.1%. and it wasn't just the september number. results for prior months were revised lower, suggesting a down shift in job creation that began this summer. hampton pearson has more on this disappointing labor report. >> reporter: american employers sharply cut back hiring in september, and the government revised job growth downward by 59,000 for july and august. meanwhile, job growth for the last three months is averaging just under 167,000 compared to just under 200,000 per month for all of 2015, much to the surprise of the leading wall street economists. >> if you get the jobs report like this, then people are starting to think, geez, you know, this could actually be a negative quarter. >> it's hard to see anything good in those numbers. >> the economy i think is clearly weaker than any of us would like it to be or thought it would be. >> reporter: headline unemployment remains at 5.1%, but that's because many americans stopped looking for work a
economy added just 142,000 jobs in september, fewer than forecast. the unemployment rate held steady at 5.1%. and it wasn't just the september number. results for prior months were revised lower, suggesting a down shift in job creation that began this summer. hampton pearson has more on this disappointing labor report. >> reporter: american employers sharply cut back hiring in september, and the government revised job growth downward by 59,000 for july and august. meanwhile, job growth...
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Sep 7, 2012
09/12
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and it doesn't deal with how to get these economies growing again, right? >> that's absolutely true. all it does is buy some time. but quite a bit of time and i think the response you saw from markets today was more a sense of relief that we're going to have a chance to have that time versus any of the nearer term deadlines that were being talked about or a lot of the problems you were seeing in the debt markets with periphery countries like portugal, spain and italy paying higher and higher borrowing costs. it buys time but it doesn't really resolve anything. >> so how will we know if it's really working or not. let's say in 2, 3, 4 years, what kind of shape will countries like spain or italy or portugal be in? >> well, the consensus of investors that we speak to about the state of the european economy basically agree that most of the european economy region is going to be in recession for the back half of this year and going into next year. unemployment rates are still very high. economic growth is still quite sluggish. the best-case scenario is that you
and it doesn't deal with how to get these economies growing again, right? >> that's absolutely true. all it does is buy some time. but quite a bit of time and i think the response you saw from markets today was more a sense of relief that we're going to have a chance to have that time versus any of the nearer term deadlines that were being talked about or a lot of the problems you were seeing in the debt markets with periphery countries like portugal, spain and italy paying higher and...
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Sep 9, 2011
09/11
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economy. darren gersh has details. >> reporter: first there's the super committee. the lawmakers charged with coming up with $1.2 trillion in budget cuts in the next 10 weeks met publicly for the first time today, and many began by talking up the need for bipartisan action. >> it is time for both sides to bite the bullet, to put the country first, get the economy moving and implement a long-term deficit reduction plan. >> reporter: most washington analysts have low expectations the committee will actually do that, but some members are talking up an ambitious agenda. >> comprehensive tax reform would spur economic growth and job creation and should be part of our discussion. >> reporter: next, there's monetary policy. in a speech in minneapolis today, federal reserve chairman ben bernanke said he was surprised by just how cautious american consumers have been, but he gave no hints about where the fed is headed next. an important new clue may come when the fed updates its forecast later this mon
economy. darren gersh has details. >> reporter: first there's the super committee. the lawmakers charged with coming up with $1.2 trillion in budget cuts in the next 10 weeks met publicly for the first time today, and many began by talking up the need for bipartisan action. >> it is time for both sides to bite the bullet, to put the country first, get the economy moving and implement a long-term deficit reduction plan. >> reporter: most washington analysts have low...
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Sep 22, 2010
09/10
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the economy has deteriorated over the summer, they need to see the economy reaccelerate, and if it doesn't reaccelrate fast enough, the fed will act. we se need to see another bad report, and the inflation rate closer to zero. and i don't think treasury bonds would be the only thing they could buy. they can buy mortgag mortgage-backed securities, and since the housing market is still bad. >> susie: let's say that the fed takes action in the way you're talking about, pumping more money into the economy. will it make a difference? will businesses borrow more, spend more, and hire more? will it make a difference? >> nobody knows for sure. we're in uncharted territory. many within the fed system don't think it will make a difference. and there are others who think if it makes 3/10s in a economy that is only go 1%, that's a lot. in that perspective, that's where the chairman is coming from, and he is looking to make even a little difference. if he can make even a little dent in the dmee, that is some progress. and they're mandated by law to try to bring inflation up from what it is at and bring
the economy has deteriorated over the summer, they need to see the economy reaccelerate, and if it doesn't reaccelrate fast enough, the fed will act. we se need to see another bad report, and the inflation rate closer to zero. and i don't think treasury bonds would be the only thing they could buy. they can buy mortgag mortgage-backed securities, and since the housing market is still bad. >> susie: let's say that the fed takes action in the way you're talking about, pumping more money...
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Feb 27, 2013
02/13
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does the economy still need it? >> the economy probably still needs something in here, tom, yes. watch what happens when bernanke pulls back. we know we'll see some head winds from sequestration, and we've got head winds from higher taxes. so, yeah, with all of the effort that the fed has made and with still close to a trillion dollars in deficit spending, we still only have 2% g.d.p. growth. >> tom: does this impact your investment strategy, your timeline knowing that the federal reserve is going to coine continued buying with both hands? >> not so much the timeline because we really try to buy things and hold them for a long time. it is really tough to judge the fundamentals because you don't know with all of this cash that is being created if you have organic cash or cash on hand to kind of fuel things. it looked like the market was going to pull back here over the past couple of days. it looked like it might have been overrolling this morning, but then ben bernanke came out and said i've got my foot to the floor, and boom, we went back up. >> tom: "arrogance creates incentive
does the economy still need it? >> the economy probably still needs something in here, tom, yes. watch what happens when bernanke pulls back. we know we'll see some head winds from sequestration, and we've got head winds from higher taxes. so, yeah, with all of the effort that the fed has made and with still close to a trillion dollars in deficit spending, we still only have 2% g.d.p. growth. >> tom: does this impact your investment strategy, your timeline knowing that the federal...
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Feb 21, 2013
02/13
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it tried that six years ago but stopped after the economy weakened. four of the five most actively traded exchange traded products were lower. the s&p 500 volatility note jumped 8.6%. it usually moves in the opposite direction of the broad market. and that's tonight's "market focus." >> susie: whether it's facebook, instagram, or pinterest, there always seems to be a hot start- up in the tech pipeline. but as tonight's commentator explains the next big tech company might not be as "original" as you think. he's harry lin, executive-in- residence at idea-lab, a technology incubator in pasadena, california. >> an irony in the world of technology startups is that we tend to copy each other a lot. i call this "ironic" because the image of tech startups is that they're all about innovation and risk-taking. yet, venture-capital investors and tech entrepreneurs all know that for every instagram that gets launched, there are at least 10 other startups that pretty much are instagram. just with a different name. did you know that there are at least three well-fu
it tried that six years ago but stopped after the economy weakened. four of the five most actively traded exchange traded products were lower. the s&p 500 volatility note jumped 8.6%. it usually moves in the opposite direction of the broad market. and that's tonight's "market focus." >> susie: whether it's facebook, instagram, or pinterest, there always seems to be a hot start- up in the tech pipeline. but as tonight's commentator explains the next big tech company might not...
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Apr 28, 2011
04/11
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economy grow during the first three months of the year? we get a preliminary look at first quarter g.d.p. lots of earnings. exxon mobil, microsoft and pepsi release their quarterly results. also, new york stock exchange shareholders meet to mull a key question-- should they merge with germany's deutsche boerse or take a counter offer from rival nasdaq? >> susie: if you're worried your iphone is tracking and recording your every move, apple says forget it. the company today said a data file on the phone does keep a list of wifi hotspots and cell phone towers near you, but there's no tracking involved. that data file has been at the center of a swirl of controversy ever since it was unearthed by researchers last week. apple now says it's updating the phone's software to limit the data. >> tom: speaking of controversy, sony's in the center of one after revealing its playstation web network was hacked. credit card numbers and personal information of more than 77 million users might be compromised. that would make it one of the biggest data bre
economy grow during the first three months of the year? we get a preliminary look at first quarter g.d.p. lots of earnings. exxon mobil, microsoft and pepsi release their quarterly results. also, new york stock exchange shareholders meet to mull a key question-- should they merge with germany's deutsche boerse or take a counter offer from rival nasdaq? >> susie: if you're worried your iphone is tracking and recording your every move, apple says forget it. the company today said a data...
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Jun 5, 2012
06/12
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economy was the last anchor that the global economy had for growth in 2012 and given the sloppy jobs report on friday, and the other rough economic data we can't really rely on the u.s. economy to keep moving forward, against the backdrop we have described in europe and emerging markets. it seems like there is really no place to go for growth this year. so we are calling for a very volatile second half of the year. perhaps not quite as dire as you just outlined but still very tough tez nick, how about the s&p 500. over the past five years it has been a very volatile five years with highs back in '07, lows in 2009, and here we are trying to creep back up to those highs that we fall back a few years ago. do you anticipate the index will be higher or lower at the end of thier. >> i think it will probably be a touch lower but with a lot of volatility around it. we do have a lot of very important catalysts coming up, the greek elections, our own elections, a fiscal cliff that we face, all of which really guarantees volatility without really a lot of resolution. so we are thinking the mark
economy was the last anchor that the global economy had for growth in 2012 and given the sloppy jobs report on friday, and the other rough economic data we can't really rely on the u.s. economy to keep moving forward, against the backdrop we have described in europe and emerging markets. it seems like there is really no place to go for growth this year. so we are calling for a very volatile second half of the year. perhaps not quite as dire as you just outlined but still very tough tez nick,...
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Dec 4, 2014
12/14
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the economy is in good shape. not great, it's good. it's rodney dangerfield economy. hasn't gotten a lot of respect. >> reporter: improved in that retailers on holiday sale and would help consumers out when they went to stores for the holiday shopping season. the main negative? real estate sales rose in half the country and home prices little changed. beyond housing, other economic data has been upbeat. a key report on the service sector hit the second highest level since the financial crisis with gains in new orders and exports. auto sales topped the 17 million mark for the second time since 2006 and the adp jumps came in a touch below expectations but still suggestive that private sector growth remains strong at $208,0 $208,000. 230,000 jobs created in november and unemployment rates up changed at 5.8%. that will create the jobs in the u.s. economy to show these strong economic numbers are showing up in more american paychecks. for "nightly business report," i'm steve liesman. mo >> more in the jobs number. what would alarm you on the downside if the number doesn't
the economy is in good shape. not great, it's good. it's rodney dangerfield economy. hasn't gotten a lot of respect. >> reporter: improved in that retailers on holiday sale and would help consumers out when they went to stores for the holiday shopping season. the main negative? real estate sales rose in half the country and home prices little changed. beyond housing, other economic data has been upbeat. a key report on the service sector hit the second highest level since the financial...
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Feb 4, 2016
02/16
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economy. >> we learned today that the service sector is following the manufacturing sector lower in traditional lagged form. this means that the broader economy is likely slowing as measured by real gdp growth. >> as a result, they upped the chance of a u.s. recession to 40% from around 33%. despite a separate adp report suggesting strong job gains in excess of 200,000 in january, others on wall street were more inclined toward the pessimism. >> the global environment is very much part of the recessionary risks that the u.s. faces. it's about importing those risks from an external shock and the manner in which that occurs is through financial market conditions. >> in addition to ignoring the stronger than expected adp report, there was also little focus on dovish comments from the new york fed president. bill dudley said in an interview that a stronger dollar and weaker global economy could have, quote, significant consequences for the u.s. economy. and that financial conditions are tighter no
economy. >> we learned today that the service sector is following the manufacturing sector lower in traditional lagged form. this means that the broader economy is likely slowing as measured by real gdp growth. >> as a result, they upped the chance of a u.s. recession to 40% from around 33%. despite a separate adp report suggesting strong job gains in excess of 200,000 in january, others on wall street were more inclined toward the pessimism. >> the global environment is very...
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Apr 13, 2012
04/12
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now would is a $6 trillion economy. -- now it is a $6 trillion economy. it will still be buying a lot more things from the rest of the world. >> we did hear from the world bank earlier this week. they are warning that consumption and investment growth will slow external demand. china's trade with the rest of the world also slowing. what does all this really mean? >> it means that the whole concept of emerging markets as the growth engine of the global economy versus developed markets, yesterday's story. that concept is turning on its head. it has been one of the popular monikers for the past decade. india's economy is slowing down, and russia as well. it all points to a change in focus back to the u.s.. that economy does appear to be gradually recovering. >> she is still upset to talk about his death. the case of neil heywood has been linked to the downfall of one of china's most powerful politicians. our diplomatic correspondent reports. >> china's rulers hate and fear instability. they steered china's a rise to a position where it will eclipse even the
now would is a $6 trillion economy. -- now it is a $6 trillion economy. it will still be buying a lot more things from the rest of the world. >> we did hear from the world bank earlier this week. they are warning that consumption and investment growth will slow external demand. china's trade with the rest of the world also slowing. what does all this really mean? >> it means that the whole concept of emerging markets as the growth engine of the global economy versus developed...
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May 20, 2011
05/11
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and all that has an impact on the global economy. thank you so much scott for coming on the program tonight. >> thank you very much. >> susie: we've been speaking with scott macdonald, head of economic research at aladdin capital. >> tom: president obama today laid out his vision for the middle east. the most controversial call-- for israel to return to its 1967 borders in exchange for peace. the president also wants to give the region an economic boost, saying the best way to bring democracy is to bring prosperity. darren gersh reports. >> reporter: the arab spring was not just a political revolution; the president says the protests across the region were also driven by people concerned about putting food on their tables. that economic concern will have to be addressed, the president says, if the transition to democracy in the middle east is to succeed. >> we think it's important to focus on trade, not just aid; on investment, not just assistance. the goal must be a model in which protectionism gives way to openness, the reins of co
and all that has an impact on the global economy. thank you so much scott for coming on the program tonight. >> thank you very much. >> susie: we've been speaking with scott macdonald, head of economic research at aladdin capital. >> tom: president obama today laid out his vision for the middle east. the most controversial call-- for israel to return to its 1967 borders in exchange for peace. the president also wants to give the region an economic boost, saying the best way to...
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Mar 14, 2012
03/12
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economy. the fed says the economy is expanding. >> there are some signs of improvement, but again, there's still caution about the outlook. >> reporter: i'm erika miller in new york at one of the many small businesses that has been hiring. but will the momentum continue? i'll have the story. >> susie: it's "nightly business report" for tuesday, march 13. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: captioning sponsored by wpbt >> susie: good evening, everyone. my colleague, tom hudson, is off tonight. the federal reserve said late today that the majority of the nation's biggest banks are in good financial health. after conducting stringent stress tests, the fed said 15 of the nation's largest financial firms could withstand a severe recession. but four banks would need to raise more capital to withstand a shock. the firms falling short include citigroup, ally financial, suntrust, and metlife. now, keep in mind, this is a wor
economy. the fed says the economy is expanding. >> there are some signs of improvement, but again, there's still caution about the outlook. >> reporter: i'm erika miller in new york at one of the many small businesses that has been hiring. but will the momentum continue? i'll have the story. >> susie: it's "nightly business report" for tuesday, march 13. this is "nightly business report" with susie gharib and tom hudson. "nightly business report"...
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May 21, 2016
05/16
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where do you see strength in the economy and is it enough strength to keep the economy and the markets moving forward? >> well, i think it's -- here we are three baby boomers talking about the new economy, but my guess is that your home is the same as mine and that the fedex and ups person turns up now three day as week whereas five years ago they barely showed up at all. i think as your earlier guest talked about, that is not going to change. i think retail and dynamics always changes, i think that's a big one. as far as the overall economy, people keep predicting its demise but there's something wonderful about a slow economy. >> hue did you know the fedex guy shows up tall time? how did you know that? right you are. rod, we'll leave it there. rod, thank you so much. >>> what will it take for the federal reserve to raise interest rates this summer? central bankers may say one thing. the markets another when it comes to one important part of the economy. steve liesman explains why. >> investors were caught by surprise this week by increasing talk from the fed of a possible june rate h
where do you see strength in the economy and is it enough strength to keep the economy and the markets moving forward? >> well, i think it's -- here we are three baby boomers talking about the new economy, but my guess is that your home is the same as mine and that the fedex and ups person turns up now three day as week whereas five years ago they barely showed up at all. i think as your earlier guest talked about, that is not going to change. i think retail and dynamics always changes, i...
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Mar 6, 2015
03/15
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economy saw factory orders fall for the sixth straight month. the commerce department said new orders from manufactured goods slid 2/10 of a percent, and follows revised 3.5% drop in september. it's softened demand in europe and asia. >>> the labor department will release the febr employmt report tomorrow. according to dow jones, non-foreign payrolls expected to increase 240,000, down a little bit from the previous month. economists are looking for the unemployment rate to fall slightly to 5.6% average hourly earnings expected to bump up 0.2% and there are a few things both wall street and main street will be watching for and hampton pearson knows what they are. >> reporter: bitter wint weathe in much of the country and job losses in the energy sector due to declining oil prices are key reasons why leading economists expect a job growth slowdown in february. nearly 40,000 jobs have been lost in the energy sector in the first two months of 2015. according to a leading job placement firm. >> right now we're seeing in the midst of this expansion on
economy saw factory orders fall for the sixth straight month. the commerce department said new orders from manufactured goods slid 2/10 of a percent, and follows revised 3.5% drop in september. it's softened demand in europe and asia. >>> the labor department will release the febr employmt report tomorrow. according to dow jones, non-foreign payrolls expected to increase 240,000, down a little bit from the previous month. economists are looking for the unemployment rate to fall...
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Sep 21, 2013
09/13
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we all sort of work for this economy. but in reality, the economy is a set of rules. there's no economy in the state of nature. they're rules. i mean, there are rules about property and liability and anti-trust and bankruptcy and subsidies for certain things and taxes for certain things. these rules really are the rules of the game. they determine economic outcomes. if we don't like them, we can change the rules. i mean, if we had a democracy that was working as a democracy should be working, we could adapt the rules so that, for example, the gains of economic growth were more widely distributed without a sacrifice of efficiency or innovation. >> those rules are difficult to explain in writing, much less on film. and yet you and kornbluth do very well at it. let me play an excerpt for our audience to see how you did it. >> of all developed nations today, the united states has the most unequal distribution of income and wealth by far. and we're surging towards even greater inequality. one way of looking at and measuring inequality is to look at the earnings of people a
we all sort of work for this economy. but in reality, the economy is a set of rules. there's no economy in the state of nature. they're rules. i mean, there are rules about property and liability and anti-trust and bankruptcy and subsidies for certain things and taxes for certain things. these rules really are the rules of the game. they determine economic outcomes. if we don't like them, we can change the rules. i mean, if we had a democracy that was working as a democracy should be working,...
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Jan 22, 2011
01/11
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economy. suzanne pratt reports. >> reporter: g.e. has long been considered a bellwether for the u.s. economy. that's because of its ginormous size and broad range of business-- everything from transportation to healthcare. today, g.e. reported its first increase in revenue in two years. analyst daniel holland expects g.e.'s recovery to accelerate. >> the company is getting much closer to firing on all cylinders. as we come through 2011 and going into 2012, you're really going to have g.e. performing the way that management would like it to see it performing and operating in the areas that g.e. considers core. >> reporter: that's good news for the u.s. economy and for those worrywarts still fretting about the pace of recovery. after all g.e.'s balance sheet is perking up because more company's are buying more of the things that g.e. sells. what better vote of confidence in the economy than some serious capital spending. >> that's really g.e.'s specialty is in big equipment, power generation equ
economy. suzanne pratt reports. >> reporter: g.e. has long been considered a bellwether for the u.s. economy. that's because of its ginormous size and broad range of business-- everything from transportation to healthcare. today, g.e. reported its first increase in revenue in two years. analyst daniel holland expects g.e.'s recovery to accelerate. >> the company is getting much closer to firing on all cylinders. as we come through 2011 and going into 2012, you're really going to...